Brokerages Expect HD Supply Holdings Inc (HDS) to Announce $0.44 EPS

Equities research analysts expect HD Supply Holdings Inc (NASDAQ:HDS) to announce earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for HD Supply’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.48. HD Supply also posted earnings of $0.44 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Tuesday, March 13th.

On average, analysts expect that HD Supply will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.35. For the next year, analysts anticipate that the company will report earnings of $2.80 per share, with EPS estimates ranging from $2.50 to $2.95. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for HD Supply.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS.

Several equities analysts have recently weighed in on HDS shares. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, October 9th. Credit Suisse Group downgraded HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Friday, September 8th. Wells Fargo & Co boosted their target price on HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Morgan Stanley reissued an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of HD Supply in a research report on Friday, September 1st. Finally, SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of HD Supply in a research report on Friday, November 10th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. HD Supply has an average rating of “Hold” and an average price target of $38.85.

Institutional investors and hedge funds have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC bought a new position in shares of HD Supply during the 3rd quarter worth $185,000. Pinebridge Investments L.P. grew its position in shares of HD Supply by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of HD Supply during the 3rd quarter worth $236,000. Oakbrook Investments LLC bought a new position in shares of HD Supply during the 3rd quarter worth $244,000. Finally, CIBC Asset Management Inc bought a new position in shares of HD Supply during the 3rd quarter worth $245,000.

HD Supply (NASDAQ HDS) opened at $40.22 on Friday. The firm has a market capitalization of $7,321.29, a P/E ratio of 7.56, a PEG ratio of 0.87 and a beta of 1.40. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. HD Supply has a 12-month low of $28.97 and a 12-month high of $44.73.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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